Far from being only a French problem, pensions will be a growing fiscal headache in all the major euro-zone countries in the coming decade as populations age. In France and Italy, this will add to the risk of renewed turbulence in bond markets, and in all countries it is likely to weigh on potential growth. Rather than facing the problem head on, governments look set to water down previous pension reforms further in the near term. This would only make things worse.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services